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May 24, 2005, 03.44 PM IST
Anil Manghnani is of the view that Eurotex Industries and Exports is right at that resistance level of Rs 46-48, if it breaks out with low volumes then Rs 60 can be reached.
Manghnani told CNBC-TV18, "The volumes in Eurotex Industries are quite low and there has been a lot of consolidation between Rs 35-40 range. The daily charts, weekly charts all have improved and the monthly charts are trying to get into a buy. It is right at that resistance level of Rs 46-48 and needs to cross that. I don’t want to advise the investor to sell because the stock is going up and if it breaks on the upside with low volumes then it can reach Rs 60 levels."
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